Investors are coming back to the oil patch, along with utilities and real estate stocks.
News & Analysis: Occidental Petroleum
It all came back to price, supply, and demand.
The worst of the downturn is likely over for the oil industry, but hundreds of individual companies could face insolvency.
The oil giant continues to make progress on its debt reduction plan.
The oil giant's liquidity seems to be improving.
With its financial situation improving, the oil giant plans to pay its upcoming preferred dividend in cash.
Crude prices have tumbled back below an important psychological benchmark, as the global balance of supply and demand remains messy.
A broad collection of energy companies got a boost today, but the rise isn't really all that surprising.
The threat of a hurricane to America's coastal refineries has oil prices surging on the threat to fuel supplies. But this temporary boost can't fix the structural problems American oil companies face.
Libya is set to reopen its oil ports soon, potentially bringing an extra 1 million barrels per day to an already oversupplied global market.